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PBS
Mar 12, 2013 12:00am PDT
, the crime situation, highest inflation, debt and deficit, food shortages, a deteriorating infrastructure, and so venezuela could have been something different and he could have made it but he squandered the opportunity. tavis: with all due respect when you started running that list of the dysfunction, i thought your talking about the united states of america. there literally was nothing on that list that does not apply to our country including budget problems and crumbling infrastructure. my point here is every question, every country has its own problems but the numbers are clear that hugo chavez, whenever we think of him, was committed to elevate the trial of the poor in this country, yes? >> there is no question. he deserves a lot of credit and that is his greatest contribution. he put his finger on legitimate grievances that the venezuelans had about social inequality and he will be remembered. the question is whether he was able to create an appealing alternative. no one in latin america that looked at as well after 14 years and said, this is an attractive model. this is an attracti
MSNBC
Mar 14, 2013 9:00am PDT
are for better or worse, ingrained features of the american economy. since when did cutting the deficit become such a big budget priority. we'll discuss the gop's attention deficit disorder when the ranking member of the house budget committee, congressman chris van holland joins us, just ahead. >>> time for the your business entrepreneur of the week. las vegas anesthesiologist took his experience in the e.r. and created a hangover cure, using an iv-administered formula. he put it on a bus, treating suffererses up and down the strip. we're here! we're going to the park! [ gina ] oh hey, dan! i really like your new jetta! and you want to buy one like mine because it's so safe, right? yeah... yeah... i know what you've heard -- iihs top safety pick for $159 a month -- but, i wish it was more dangerous, like a monster truck or dune buggy! you can't have the same car as me! [ male announcer ] now everyone's going to want one. let's get a jetta. [ male announcer ] volkswagen springtoberfest is here and there's no better time to get a jetta. that's the power of german engineering. right now lease on
CSPAN
Mar 14, 2013 8:00pm EDT
will be running deficits throughout the decade no matter what budget is accepted throughout the committee. if you look at the house budget, it does not balance until we get to the end of the decade. during that, we should not be taking a pay raise. >> without objection, a vote. all those in favor, say aye. n. ay. -- -- opposed, nay. approved. i have a terrible time with the change my husband racks around in his pockets. i cannot imagine more of it. [laughter] >> in light of your fervent opposition -- [laughter] i would withdraw my amendment because i think i would have a better chance with the banking committee. >> without objection, the amendment is withdrawn. that moves us to senator portman. >> are we on medical malpractice? this state's $62 billion on the congressional budget office report. madame chair, i would encourage a vote on this. i think it might give us the opportunity to work on something if it goes to the floor if we were to have a vote today. >> i oppose this amendment. if there is no objection, say aye. opposed, nay. it is not agreed to. you have another amendment. >> recall ear
CSPAN
Mar 14, 2013 6:00am EDT
a moral imperative to control our deficit. the best way to shrink our deficit is to grow our economy. to grow good paying jobs and put hard-working americans back to work. unemployment remains stubbornly high. we have seen the enemy and he is us. our bloated and inefficient federal government does not promote but stifles progress. it makes us less competitive in the world. we are not being beaten by our competitors worldwide. we are beating ourselves. through excessive taxation and regulation, the federal government stifles economic growth and shifts more and more american jobs overseas every year. on a regulation in energy robs the middle class through higher fuel costs, slows our path to a national energy independence, and costs hundreds of thousands of new american jobs in the energy industry. small banks are a primary source of capital for middle-class families and small businesses. the added burden of the dodd- frank regulations, hamstrings our banks at a time when small businesses and middle-class families need them the most. it does nothing to prevent large institutions from b
CSPAN
Mar 11, 2013 12:00pm EDT
and deficit reduction. mr. krueger spoke to the national association for business economics' annual economic policy in washington d.c. this is about 45 minutes. ms. . [applause] >> thanks, lynn, for that very kind introduction. one thing you didn't mention which was fine was that there was a picture of the cabinet meeting in today's new york times, and if you look closely, you'll see the back of my head. [laughter] one of my colleagues told me this morning, aren't you glad you got your haircut over weekend? [laughter] i'm delighted to deliver a lunchtime address here again. some of you may recall that at last year's conference i spoke about the progress that we have made recovering from the worst recession since the great depression. i also discussed the near-term outlook for the u.s. economy. i emphasized several reasons to be cautiously optimistic about the economy going forward despite uncertainty about government fiscal policy and the lingering effects of the financial crisis that were then and continue to be headwinds for the recovery. i am sure you are all aware our economy has continu
MSNBC
Mar 13, 2013 9:00am PDT
and came to this conclusion. >> the obama care repeal accounts for more than half of the deficit reduction in mr. ryan's bucket, which pretty much closes the book on it as a serious guide to future policy. joining us again from washington is msnbc policy analyst "the washington post" columnist, the ultracelebrator of budget season, ezra klein. i don't even know in ultra--celebrator is a term or correct english, but so happy to have you here. >> happy to be here. >> we may have to interrupt this any moment, as you know we are on smoke watch here. that's a live shot of the chimney. we'll bring you the latest there. that's one caveat as we go forward. ezra, yesterday we had a long discussion about whether or not paul ryan's budget was a serious budget. i want to go off the editorial board noting "the washington post," what do you make of that contention, that so much is base odd gimmickry and it can't be considered serious? >> i don't know that i would call it gimmickry, right? first, he doesn't repeal all of it. he keeps all the taxes, all the medicare cuts, he just repeals a part that gives
Current
Mar 14, 2013 5:00pm PDT
to balance a budget was named richard nixon. our biggest problems in the next ten years is not deficit. something that the president bases not only on facts economic theory and last four years of being president but we haveand thereduction we've already done to slow our pesky recovery, but republicans demand leadership. in an op-ed. it says for all of washington's focus on the president's outreach to republicans it's his engagement with members of his own party that will germ whether we succeed in dealing with our own challenge of dealing with our economy. meaning, he would be a true leader and we would have a budget that cuts entitlements strips money from programs from those who actually need it. and it balances out. maybe that's why the president likes to stay at home in the white house after all. joining me is peter welch of vermont, who had a chance to meet with the president today. congressman, thank you for being on "viewpoint" this evening. >> thank you. >> john: you met with the president earlier. how would you describe the meeting? were you encouraged at all by what you heard
CSPAN
Mar 9, 2013 6:20pm EST
smarter ways to grow our economy and reduce the deficit than the arbitrary cuts in the sequester that recently went into place. we had an open and honest conversation about issues like immigration reform and gun violence and other areas where we can work together to move this country forward. next week i will attend both the democratic and republican party meetings in the capital to continue those discussions. the fact is, america is a nation of different beliefs and different points of view. that is part of what makes a strong erie it makes our democratic debates sometimes messy and a lot of the times -- that is what makes us strong. it makes our democratic debates sometimes messy and a lot of the time stressed rating stuff but what binds us together will always be more harmful than what drives us apart. as democrats and republicans, we may disagree on the best way to achieve our goals, that i'm confident we can agree on what those goals should be -- a strong and vibrant middle class, an economy that allows businesses to grow, and education system that gives more americans the s
CSPAN
Mar 13, 2013 11:00pm EDT
into deficit the day he was sworn in. i've served on this committee since i was first sworn to the united states senate in 1993 over the past 20 years, the country has taken two different approaches to her budget and each of which lead to very different outcomes. turnover the history the first of the year but assume it was critical decisions tomorrow, it's important to highlight the history one more time. in 1992, deer ran for office, the federal government was running a deficit of under 5%. president clinton ran that year i promise of tackling the debt and deficit responsibly while continuing to invest in jobs and the middle class. since i was excited to have a chance to get additional reality when i came onto the committee. as we all remember, none of us on toward what the balance and responsible approach. when he proposed proposed raising taxes on the wealthiest americans alongside responsible spending cuts, republicans jumped at the data to anyone who would listen how devastating that would be for our economy. .. >> middle-class workers were getting prosperity. there was a growth spur
CSPAN
Mar 14, 2013 1:00am EDT
effective ways to reduce that debt and the deficit. it is a plan for economic weakness. it is a receiving vision of american greatness and innovation. it is a harsh vision for our great country. i yield back to my colleague. >> i yield to an half minutes. -- two and a half and it's. >-- minutes. >> thank you. i own a business. i understand the tough choices needed to balance a budget. i understand the tough choices it takes to grow jobs. i have to say you're not making tough choices when you produce a budget that hurts middle-class families and slashes programs for middle-class. you're making a dangerous choice that will have real impacts on families across the nation. the economic policy institute found that the he was a planned release to date will result in two american jobs next year alone and stalled economic recovery. that is on top of sequester cuts in jobs we will see this year. the biggest threat to our long- term economic security at this time is not the deficit. it is the economy. it is the lack of jobs. it is a future where the u.s. cannot compete with its global peers. this w
FOX News
Mar 11, 2013 11:00pm PDT
it is projecting a deficit of $845 billion this year. with a fully recovered economy the budget would be down to $420 billion which is a level that is consistent with stable situation. >> it's adjusted. >> it's back to what it was back in 2006, that is what it was during the height of the housing bubble. so we have basically brought the budget under control but nobody noticed. >> eric: sorry pablo, we are exploding in debt and cbo report proves. and $425 billion simply disappear? i guess you need a noble prize to figure it out. i was watching that live. he went from $845 billion to $420 billion and where did it go? >> greg: i thought matrix was an alternate universe. but what is it with nancy pelosi and krugman, this iser crazy eyed. that drug is our money. anybody that can think they can have 850 -- on whatever is the deficit is like telling a junkie well done for doing one less speed ball. it's still an addiction. dirty secret. they are saying deficits don't matter. why do we have taxes? >> bob: i want to know what drug you are taking to get yourself oh soe depressed. first of all the presi
CSPAN
Mar 12, 2013 12:00pm EDT
.5% of the federal share would be dedicated directly, directly, to deficit reduction. you know, again as i read the letter, they make it sound very evil like it's some monster lurking in the waters. this doesn't sound so evil. this is just about a fairness, it's a treatment for our state and any coastal state that develops oil and gas off their shores. as i read the letter it's clear that my friends, colleagues on my side of the aisle don't get what it means when you do have this type of development and what infrastructure you have to provide to balance off against that infrastructure to ensure that the people of that state get the resources they need and the development they need especially when you extract from our state because because that's where our state has been, people come and extract and use it elsewhere, that the state should be left left with some stream of revenue. i know they make a point here that this bill does direct, again, 37.5% of these resources to states and the answer is simply yes. yes, it does. because relying on the federal government to determine what's best for thes
FOX Business
Mar 12, 2013 10:00pm EDT
that this budget cuts almost 2 trillion from deficits over ten years. and they asked rich to pay their fair share. wih the white house insisting to the press that the american people have given them a mandate to take this approach. >> we need to ask the wealthy to contribute to deficit reduction, and that is a position that the public widely supports. i will wait for the budget to be putorward in senator murray to do that. we expected to be balanced, to have the principal balance inherent in its proposals. it is not -- in that don't expect it will be -- an agreement on every item of the president's proposal, but it will be consistent with the president's balanced approach. lou: the latest poll however contradicts jay carney claims of wide public support. the president's job approval rating seek -- sinking to a 45%. the president's lowest rating in the polls since november of 2011. meanwhile, republicans blasting president obama for not producing his own budget proposal before the senate and the house present there's. senate minority leaderitch mcconnell seizing the opportunity to point out that t
FOX News
Mar 16, 2013 8:00am PDT
hire new workerings, spending cuts and focusing on the deficit, that is moving us in the wronging direction. if we want to talk about tax cuts, give the corporations that are sitting on records and the dow closed at record highs, give them a tax cut to hire new workers. >> toby, tax hikings are the issue here. this is what dems are calling for. is this the time with the recovery, so, so iffy to do that? >> no remember the president said if you don't go up the tax hikes, i am not do a budget. you can't say he is not playing games here. we created the most jobs in '95 to 2000 in that time frame. were we cutting taxes or paying companies to hire people with tax credits, no? >> you hire somebody that is an investment and when we make an investment, that allowed people to say if my investment is successful, and then we'll generate capt cament. we don't need tax credits. you hire because of the good investment. jon as. do you need tax hikings even in the tepid recover? >> we already had tax increases this year and some of them are on hiring and the pay roll tax returning to the same lev
SFGTV
Mar 14, 2013 12:30am PDT
that revenues come in lower than expected, the deficit would be larger, so there is some sensitivity here. >> and that's 134 million over five years? >> over five years, that's right. >> got it, thanks. >> so, going back to just in term of what compromises that 578 million dollars of revenue growth, the largest portion of that being our property tax which is our largest overall local revenue source, though business taxes and our hotel and sales taxes are as growing over that time period. this slide highlights for you wla the projected growth rates are in the plan, so you can see, you know, stronger growth rates in the early first two years and more moderate projections in the subsequent years. on the expenditure side, our -- the city's expenditures are projected to increase by 1.1 billion dollars over the five year period, that's about 25% growth, and the largest share of that is our salary and fringe benefit costs which are growing we're projecting 460 million dollars, there are a number of citywide cost increase that is are assumed in this plan, things like fully funding our capital pla
SFGTV
Mar 15, 2013 9:30am PDT
50 million dollar budget deficit from the department of public health, how does this proposed increase impact that because i'm assuming this is something based on what's been communicated to me around the department of public health, this is a consistent issue and so when we look at potential growth, are we looking at the fact that we're also absorbing the deficit or we will maybe need to absorb the deficit of the department? >> that's an excellent question, so included in that first number on the page, the 141.9 million dollars is our best projection of what that supplemental will cost the city next year, so that number includes the operating shortfall that they're experiencing this dwraoer and how that affects next year, so it's reflected here on the -- in the shortfall projection. >> so, which is why there's still -- >> 57 million dollar shortfall to start with. >> thank you. >> i think what's important to think about the health department, the department will be before you in two weeks to talk about this in more depth along with issues related to the supplemental, is that
CNN
Mar 9, 2013 10:00am PST
economics writer and editorial board writer at "the wall street journal." you are a deficit hawk. you must be ecstatic about the forced spending cuts in washington one week into this sequester, the sky hasn't fallen despite the president's warnings, the dow is flying high, we've got job creation continuing. do you think we're on the right track despite having a president many consider anti-business? >> not quite as jubilant as you are, ali, but it was a very positive jobs report, and these are the kind of numbers we need as you said correctly for the next three or four years and that we should expect give than we're in a kroefr. i do think that the sequester has really been a nonevent with respect to the financial markets. businesses are plowing ahead. and i think a lot of the dire forecasts that cutting government spending was going to hurt the economy, look, it just started so we've only had this for a week or two, but i was one of the people who said, look, this might be a positive thing for the economy in terms of giving business some assurance that at least washington will start cutti
MSNBC
Mar 12, 2013 2:00pm PDT
in washington, journalism. he's supposed to be the brainiac. yet, portrayed as some sort of a deficit hawk. yet when i'm reading your article, your analysis and others, what i'm getting to, he's not a deficit hawk at all. basically he's a guy who wants to shift economic wealth or opportunity from the bottom of the top. . he wants to create an ayn rand existence where the winners make all the money. the looters as they call them in those books get screwed. how does h he keep getting the image of being a deficit reducer? >> washington has a short themry. ryan was not a deficit hawk. go back in his career. he voted for the bush tax cuts, unfunded wars for iraq and afghanistan, voted for the medicare prescription drug benefit, a social security privatization proposal. in 2005, the george w. bush administration rejected because it would be too expense i. the transition costs would be in the trillions of dollars. what he found later on, the way he could get these policies taken so seriously, not seen as so radical, was to bring them in under the cloak of deficit reduction, under the guise of preventi
CSPAN
Mar 13, 2013 5:00pm EDT
and deficits under control will also create jobs and build the foundation for prosperity from the middle out. tomorrow we will continue this discussion and vote on a plan. then we will move this debate here to the senate floor and then hopefully work towards a balanced and bipartisan agreement with the house of representatives while the american people have a chance to weigh in. mr. president, i believe our budget must meet not just one but many pressing challenges of our time. we've come a long way since early 2009 when president obama entered office facing massive deficits and an economy that was shedding hundreds of thousands of jobs per month. now we've made progress towards getting our debt and deficits under control, and we've added back jobs, but the recovery isn't as strong or as fast as it needs to be. millions of workers continue struggling to get back to work, and we still have some very serious challenges when it comes to our medium- and long-term deficit and debt challenges. in the coming weeks and months, we will be asked to make tough choices as we work to tackle these challen
SFGTV2
Mar 8, 2013 10:00pm PST
pipe hive and so we begin here with this graph the federal budget surplot plus or deficit. obviously it's been some time since we have run anything like a significant budget surplus we went into the recession carrying a farrell substantial deficit and obviously that really ballooned and got much much worse and what we are facing now are really the biggest bulletin deficits that the united states economy has faced since the second world war we are moving in the right direction it's getling smogger and it's still a farrell daunting challenge and this is what was westbound bend the whole fiscal cliff last year and we ended up with an 11th hour deal to avoid the worst of the fiscal live kcliff and i'm not going to read all of the stuff on this slide but basically what we got was tax increases that effect the working poor primarily and the very affluent and not really not much of an impact on the middle class and you can may be have your own political opinions about that but the spending cuts didn't really take much effect at all. the spending cuts are now poised to go into effect march 1
MSNBC
Mar 12, 2013 9:00am PDT
to pay for deficit reduction. in order to not have to put any of that deficit reduction on top of tax increases and that i think is the simplest statement of the priorities in this budget. >> joy, paul ryan has an op-ed in today's "wall street journal." he writes a budget is a means to an end and the end is the well-being of all americans by giving families stability and protecting them from tax hikes our budget will promote a healthier economy and create jobs. our budget will reignite the american dream. the idea that anyone can make it in this country. you read that and then you hear what ezra is is saying, about 60% of the cuts affecting the poor and the low income in america. and i don't understand how it all adds up. what part of that fosters the american dream. >> i think his op-ed could have been a lot shorter if he would have just wrote, are there no work houses, are there no prisons? go after the poor. keep all the cuts to obama care which you say you hate. cheating off the president's work. he wants to make just these draconian, cruel cuts to programs for the poor and he's g
CSPAN
Mar 14, 2013 7:00am EDT
, trimming fat, and reducing costs. $500 billion of our deficit reduction comes from responsible savings on the domestic spending side, including 275 billion in health care savings. are no sacred cows. we put everything we can on the table. we do it in a responsible way that preserves, protect, and strengthens the programs like medicare and medicaid that the american people strongly support. our budget saves to $140 billion by carefully and responsibly reducing defense spending, while giving the pentagon enough time to plan and align the reductions with the withdrawal of troops from overseas. -- $240 billion. host: joining us by phone is a staff writer from roll call. guest: it's good to be here. host: what is the take away from what the senator unveiled? guest: i think the headlines it is the contrast between what senator murray has unveiled and will be going cruciform will mark up and amendment process today versus what we saw go through a similar process yesterday in the house with a proposal by house budget chairman paul ryan. most of that distinction was highlighted in the clip you
CSPAN
Mar 15, 2013 6:00am EDT
quote the cheney who said ronald reagan taught us deficits do not matter. dick cheney was wrong. he is wrong then and he is wrong now. deficits matter. anyone who supported the bush has no business talking about debt. [booing] i helped bill clinton balanced the budget and built a surplus because we had good economic times. good economic times should pay down the deficit as clinton did but to reagan and bush did not. in bad times you have to stimulate and the airtime as president obama is doing. it is like listening to lectures on hygiene from type 40 -- typhoid mary. is more important to america's pursuit of happiness? which is more dangerous to america's pursuit of happiness? eight 350 format before a 44 ounce big gulf. if you come to my house, you would find guns but no cans of soda. i have the right wing position on the giant drink soda thing. i do not like the idea. idea of thee the government telling me what size soda i can drink. i am with tucker and probably most of you. i have the right wing position on gun safety. i have the same as ronald reagan who was for a waiting time
CSPAN
Mar 15, 2013 7:00am EDT
. but that is a little out of control, but it's coming down. or the deficit is coming down. agree with joe biden, get out of the way and at let the reasonable democrats and reasonable republicans get together and pass something. it's not working the way they're doing it now. host: thanks for the call. from "politico," senator joe manchin is key to the gun control talks. the story points out that he could be president obama's best joke for a bipartisan and packaged this year. there is this from blumberg's business week -- carol is joining us from riverside, california, democrat. caller: good morning. i remember a few years ago catching cpac and one of the republicans said they accomplished one of their goals getting rid of keith olbermann off of tv. i thought that was weird. getting to the point, the way i see it is as long as all these big interests are going to have all the money, like 33% of the money and the havele on the bottom, 60% - 3% of the money. , long as that is going on they're going to stick to that, nobody is going to get anywhere. it is either going to take all the people in america comin
FOX News
Mar 13, 2013 5:00pm PDT
they're cutting almost $3 trillion out of the deficit. but what they don't tell you is that is over a 10-year period. >> i think what's important to recognize is that we have already cut 2.5, $2.7 trillion out of the deficit if the sequester stays in you have got over $3.5 trillion of deficit reduction already. so we don't have an immediate crisis in terms of debt. in fact, for the next 10 years, it's going to be an n. a sustainable place. >> bill: wow. with all due respect few economists agree with the president that a debt heading toward $20 trillion can, quote. sustainable. in fact, there have been no real cuts. democrats are just slowing down the rate of spending. not eliminating or reforming wasteful programs. the sad fact is that barack obama not gonna change his opinion, no matter how much data is presented. he believes the massive federal debt will not harm the country, period. and so he operates under that assumption and says this: >> my goal is not to chase a balanced budget just for the sake of balance. my goal is how do we grow the economy, put people back to work and if
ABC
Mar 10, 2013 8:00am PDT
the deficit. it isn't social security. social security solvency has to be dealt with. it could be dealt with separately because there is that many years of solvency left in social security, so let's not hit the middle class first. let's make sure that we take a balanced approach to deficit reduction, and, no, the republican leadership cannot dig in and say that we are done with revenue because we are not. we got $600 billion. the speaker himself in his proposal in the grand bargain discussion they had with the president had a trillion dollars in revenue, and so there is -- there is another about $600 billion left. >> go ahead. >> -- that we could do in revenue. >> this question -- let's start with the facts but we've just run aground right there. we cannot agree -- >> my point. made my point. we've got to agree on the facts and figures. >> the facts are false -- >> they're not false. >> the social security thing, social security is -- it has a dedicated revenue base. it has a trust fund based on the dedicated revenue base. you can't change the rules midstream and say, oh, suddenly -- >>
MSNBC
Mar 12, 2013 10:00am PDT
the deficit, and the white house and democrats say no it doesn't, it reduces the deficit -- you're dealing with two different realities, how do you -- >> we've got to get our facts straight in most cases, we turn to the cbo for facts, there's a small reduction in the deficit according to the cbo in the first ten years. but a very significant reduction in the second ten years, now again, i agree with michael. it does need to be more than tweaked it needs to have a lot of changes to it. and if the president is smart, he will listen to some of the republican ideas because some of those ideas were good. and we democratic governors embrace some of those. this all is tied up on resolving the debt question. if we can reach a grand bargain on the debt question, if we can compromise and put aside our ideologies, we have chance to reform and get the country on the right track. >> because then you've established the basis for the revenue stream that you want to have come in. and the amount of spending you're going to do. so it makes it easy for you to prioritize on all of those other issues, whether
Current
Mar 13, 2013 6:00am PDT
of 2011. the goal now is to find some sort of compromise deficit reduction deal before the summer. but president obama is expected in this meeting to bring up other items including gun control, raising the minimum wage and cyber security. when it comes to finding a deal on the deficit, the hill reports some senate democrats fear they will make too many concessions which is not an unreasonable concern considering the way he's negotiated in the past. >> president obama comes back to the white house this afternoon to meet with secretary of state john kerry then a group of private sector ceos to talk about cyber security. afterwards, it is another meeting with business leaders this time to discuss immigration reform. a meeting with new treasury secretary jack lew and over to the st. regis hotel where he will give a speech to organizing for action. that's a nonprofit that emerged out of his re-election campaign. and today is the first full day of the papal conclave. black smoke rose from the chimney of the sistine chapel yesterday evening and again this morning indicating no 2/3 consen
CSPAN
Mar 12, 2013 10:00am EDT
. in fact, we bring deficits down right away. this shows you how our deficit path goes down precipitously to begin with to the point are we end up with a surplus in 2023. in the 1990's, democratic president worked with a republican congress to balance the budget. this is a goal that both parties have been able to achieve consensus on achieving in the past. it is something we ought to do again. number 3 -- this is the picture that should scare everybody. this is the picture that shows the path we are on today. we know without a shred of doubt we are consigning the next generation to an inferior standard of living. we know just like in europe we are facing a debt crisis in this country, and a debt crisis hurts everybody. but the people who a debt crisis hurts the most are the poor, the elderly, the people who get hurt first and worst in a debt crisis. so we are addressing the most printable debt crisis in this country's -- the most predictable debt crisis in this country's history. the green line shows you the debt reduction path we achieve by putting this budget into law could only will we
FOX News
Mar 12, 2013 6:00am PDT
process. and, through that process hopefully produce a bipartisan agreement on deficit reduction. >> reporter: senate democrats unveiled their own budget plan tomorrow, one that calls for spending cuts and tax hikes. bill: here we go. what's old is new again. steve centanni leading coverage on that. martha? martha: april 1st is the deadline for the senate to the present a budget resolution but that hasn't meant much in recent history. this is 1413 days since the senate passed a budget resolution. that is april 29th of 2009. that is almost four years since they have done one of the most basic elements of their job. at that time it wasn't the budget. it was a guideline for producing a budget. try to imagine getting away with that. that is your job. bill: tough to plan. as we mentioned earlier, national debt topped 16 trillion. 16.7 trillion. a $6 trillion or 57% increase and the last four years, 36% of that debt, accumulating under the current president obama. our annual deficit also exceeded one trillion dollars for each of the past four years. we're looking at 17 trillion from --
MSNBC
Mar 12, 2013 2:30am PDT
always believed the deficit reduction is not a goal unto itself. it should be part of an overall policy objective of strengthening the economy, st having it grow faster and create more jobs for the middle class. that's why he's always made sure that the proposals he put forward keep the number one objective in mind, which is economic growth and job creation, not deficit reduction solely for the purpose of reducing the deficit. >>> in gotham city, the ban on large sugary drinks was reversed it came as a blow for mayor michael bloomberg who is an outspoken advocate for the prevention of obesity. he spoke about it on "the late show with david letterman." >> we heard today the sugary 16-ounce soda ban has been overruled by a state court? >> state court judge said we didn't have the authority do it, we think we do. this year 70,000 mideasterns wi american als americans will die from obesity. >> reporter: a ban on large drinks bigger than 16 ounces and larger may be arbitrary. >> you could have a banned drink at a restaurant, but go right next door and it would be okay. >> reporter: some in n
SFGTV
Mar 15, 2013 9:00am PDT
overall progress on the city's structural deficit. as you'll also remember, the five-year plan, it requires that we both present what that gap is and then propose financial strategies about how to eliminate the gap between revenues and expenditures. so, what i thought i would do is kind of walk through some high level assumption and then talk about in more detail about what's going on in the five-year financial outlook, so the plan itself assumes the budget that was adopted last year for 13-14 as the base case in most scenarios, so that means things like our capital funding is assumed at the level that it was adopted in the budget last year, inflation on materials and supplies on grants to non-profits that's assumed at the level it was adopted last year, the one major difference that i would highlight for you now and i'll mention it again later is how we're treating the prop h public education enrichment fund baseline in which we defer to contribution last year in the second year and our projection today assumes that that's fully funded. >> ms. howard, just to refresh memories,
CSPAN
Mar 13, 2013 1:00pm EDT
today talking about budget and deficit issues with congress. earlier this week house budget committee chairman paul ryan submitted his 2014 budget proposal. that legislation is being considered marked up by his committees. under way this afternoon. follow that on c-span3. senate budget committee is under way as well and we are covering that, too. here's a look at the opening statements from this morning's house meeting. >> as you know writing a budget is a tough job. because you have to make choices. everybody pitched in this year. and i am grateful for the help of our members of the committee. we sat around a table for a number of weeks just like families and businesses do assembling a balanced budget. i'm also grateful for each member, chris van hollen, this committee has a long tradition of bipartisan cooperation which he and his staff have continued. we have a good working relationship even though we have very, very spirited debate on the issues that we don't agree on. i know we'll have spirited debate in the hours ahead, but we will hold these debates in the spirit of good will t
FOX Business
Mar 14, 2013 8:00pm EDT
's richest guy he is clear. >> we're running a higher deficit than wield like to. -- than wield like to, think of the deficit as a stimulus to the economy. neil: a stimulus to the economy. he has always been that way. it pays to focus on what bill gates and doing now, he is on a spending mission, he leaves little doubt about what he thinks of republican mission and their drive to cool it on the spending without thinking about results, his biggest fear, congress cutting foreign aid. the man said that foreign raid does a lot of good for the planet. to gauge the more good than bad without a doubt, that is why the guy, he was in washington today pushing hard. urging freshmen lawmakers not to give up the fight or spending on those 2 need the help -- who need the help the most, tonight. decide whether a man can or should stop congress from closing some spending doors, perhaps of all of the interviews i've done with bill gates over the years from earliest days at microsoft or before he became the power house to keeping his juggernaut going once it was a power house to going full time in charit
FOX News
Mar 16, 2013 2:00am PDT
and deficit reduction and i'm quoting now, it's zero in the first year in total said a member of that state to the senator. they're not trying, right? zero? >> well, i don't know why anybody's really shocked by this. after all we've heard from many leaders in the democratic party that they don't even think there is a spending problem. so, and the president has made pretty clear that cutting the deficit isn't his top priority. so, you know, i mean i actually don't share that point of view and i think there are democrats who don't share that point of view, but the fact of the matter is the people who are leaders of the democratic party today have been pretty clear they're in the sort of paul krugman camp of this is not a problem. it's a problem that's going to be a problem in ten years and right now need to focus on spending money and keeping the economy moving and worry about the deficit later. >> that's a fair point, isn't it? they're not pretending. i'm outraged because it seems like an offense against math and science even. >> the first camp the krugman folks, the ones that think it's oka
MSNBC
Mar 14, 2013 6:00am PDT
and the deficit? i think he's going to get asked the question what's he talking about when he says we don't need to balance the budget. we'll need to do both. we'll talk about that. real focus is on how do we address debt and deficit and get this economy growing and get people back to work. >> one of the things that came through in the house republican meeting was this issue of clearly a lot more distrust in that room between some of the house republicans and the president and that in many ways they were just trying to be nice to each other and that was a step. there have always seemed more potential of a working relationship between the president and senate republicans. is that a fair way of assessing the situation? >> it's my belief and the belief of other republicans in the senate that the president needs to stay engaged in congress as we work on these issues. as long as he stays working with us, a better chance to solve problems we face versus him going around the country saying it's congress' fault. congress needs to do something. he needs to work with us to come to solutions for the americ
CSPAN
Mar 13, 2013 6:00am EDT
like every family and business must do throughout america. in fact, we bring our deficits down right away. this shows you how our differences after goes down to the point where we end up with a surplus in 2023. in the 1990s, the democratic president work with a republican congress to balance the budget. this is the goal that both parties have been able to achieve in the past. it is something we ought to do again. number three, this is a picture that should scare everyone. this is a picture that shows you the path we are on today. we know without a shred of doubt that we are consigning the next generation to an inferior standard of living. that crisis hurts everyone. the people are hurts the most of the poor, the elderly. what are we doing? we are addressing the most predictable economic crisis in our history. the red line shows you the path that this country is on right now. the green line shows you the path we achieve by putting this budget into law. we will be able to pay off our debt. doing that helps grow the economy as well. i would like to turn over to one of the distinguished
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